A shopkeeper sold an article at a profit of 20%. If he had bought it at 20% less & sold it at Rs 80 less, then he earns a profit of 25%. Find the cost price of the article.

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A shopkeeper sold an article at a profit of 20%. If he had bought it at 20% less & sold it at Rs 80 less, then he earns a profit of 25%. Find the cost price of the article.

A300

B375

C400

D360

Answer:

C. 400

Read Explanation:

C.P = 100%. S.P = 120% If he bought at 20% less then C.P = 80% Required S.P = 80%×125/100=100% 120% - 80 = 100% 20% = 80 C.P is 100%, Then 100% = Rs 400.

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